09 августа 2019, GBP/USD
GBPUSD trading plan:
Good and bad news for GBPUSD. The bad news is the UK GDP report for the second quarter. The decline in business activity in industry and services signals a decline in GDP. British business fears BREXIT. The good news is a negative report on the producer price index in the United States. The decrease in the cost of gasoline, copper, aluminum, steel signals a decrease in the producer price index. This is factor points to the need to reduce the interest rates of the Federal Reserve. Investors expect interest rates to fall on September 18, October 30 and December 11.
Trading recommendation: range 1.2100 -1.2180.
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